Is This Trade-Truce Rally Built to Last? Strategists Weigh In
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The morning surge in the S&P 500 amid a U.S-China trade truce was running out of steam by lunch.
The benchmark gauge that rose as much as 1.5 percent at the open has since lost about half its advance to trade around 2,785, fueling concerns the rebound is nothing more than a one-day story for the index. The clues will lie in trade headlines and some technical levels analysts and strategists are paying close attention to.